Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Up – Time to Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares gapped up prior to trading on Tuesday . The stock had previously closed at $38.10, but opened at $39.60. Nano Nuclear Energy shares last traded at $37.24, with a volume of 1,846,132 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on NNE. Benchmark raised their price objective on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, November 7th. HC Wainwright restated a “buy” rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a report on Wednesday, January 29th.

Nano Nuclear Energy Stock Down 4.6 %

The company has a fifty day moving average of $28.57 and a 200 day moving average of $20.12.

Nano Nuclear Energy (NASDAQ:NNE) last announced its earnings results on Monday, December 30th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. On average, equities analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Nano Nuclear Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. New York State Common Retirement Fund acquired a new position in Nano Nuclear Energy in the fourth quarter valued at approximately $30,000. IFP Advisors Inc increased its stake in shares of Nano Nuclear Energy by 638.5% in the 4th quarter. IFP Advisors Inc now owns 1,477 shares of the company’s stock valued at $37,000 after acquiring an additional 1,277 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter valued at $25,000. SBI Securities Co. Ltd. bought a new position in Nano Nuclear Energy during the fourth quarter worth $66,000. Finally, Rothschild Investment LLC acquired a new stake in Nano Nuclear Energy in the fourth quarter worth $85,000.

Nano Nuclear Energy Company Profile

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.